15.12.03

15.12.2003: Meldung: Starbucks opens first store in Cyprus

Starbucks Coffee International, a wholly owned subsidiary of Starbucks Coffee Company, and its Greek partner, Marinopoulos Brothers S A, today announced that the first Starbucks store in Cyprus will open on Monday, December 15th. The new store is located in downtown Nicosia at 48 Themistokli Dervi Street, which is the heart of the capital"s main shopping district.

Marinopoulos Holding SARL, an affiliate of Marinopoulos Brothers S A, and Starbucks Coffee International signed a joint venture agreement last July to open Starbucks retail locations in Nicosia and throughout the country. The joint venture, Marinopoulos Coffee Company Cyprus Ltd., headed by Dimitris Hatzigeorgiou, general manager, will be responsible for the day-to-day operations of Starbucks in Cyprus. "We are looking forward to welcoming our Cypriot customers to Starbucks and building a lasting relationship with them by offering great coffee moments in our stores," said Hatzigeorgiou. "Since opening our first retail location in Athens just over a year ago we have already grown to 13 stores. It is with great pride that we bring the Starbucks Experience to Cyprus as we are excited about the opportunities for Starbucks in the market." "The opening of the first Starbucks store in Cyprus is a first step in building a great and enriching relationship with our local customers by offering them the highest quality of coffee and legendary customer service," said Panos Marinopoulos, president, Marinopoulos Coffee Company Cyprus Ltd. "We believe our customers in Cyprus will regard the Starbucks stores as their "third place"- their place to relax between home and work I am confident that Starbucks will be embraced by our Cypriot customers."

"The Cyprus opening is a celebration of the commitment and passion of our outstanding partners, Marinopoulos Brothers," said Bill O"Shea, vice president of Business Development in Europe, Middle East and Africa, Starbucks Coffee International. "Marinopoulos Brothers has been an ideal partner for Starbucks. By expanding to new markets with strong existing partners, we are able to grow a stronger business and provide a more consistent customer experience."

In addition to Cyprus, Starbucks also partners with Marinopoulos Brothers in Greece, Austria and Switzerland. As part of Starbucks commitment towards contributing positively to the communities where it does business, Starbucks and Marinopoulos Coffee Company Cyprus Ltd. announced their collaboration with Make a Wish Foundation of Cyprus. Make a Wish Foundation of Cyprus is active in the fulfillment of children cancer patients" wishes, and they provide financial and psychological support to the children and their families. Marinopoulos Coffee Company Cyprus Ltd. will support the efforts of the Make a Wish Foundation of Cyprus through financial contributions and program support.

Marinopoulos Brothers S.A. is one of Greece"s leading retail, commercial and industrial groups, representing Carrefour Marinopoulos S.A. (joint venture with Carrefour), Sephora Marinopoulos S.A. (joint venture with LVMH) and the Marks & Spencer franchise. Marinopoulos Brothers S.A. is also active in the industrial sector, through FAMAR S.A., one of the biggest European pharmaceutical and cosmetics companies.

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world, with more than 7,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business.

Contact:

Starbucks Coffee International
Soon Beng Yeap, 206-318-7430
syeap@starbucks.com
http://www.businesswire.com/cnn/sbux.shtml
or
Marinopoulos Coffee Company Cyprus Ltd.
Dimitris Hatzigeorgiou, +3210 67.84.302
d.hatzigeorgiou@starbucks.com.gr

Source: Starbucks Coffee International
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